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You invest $200 in a savings account. The account pays 3% interest compounded monthly. How much money is in the account after 8 years?

You invest $200 in a savings account. The account pays 3% interest compounded monthly. How much money is in the account after 8 years?
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3 votes
You invest $200 in a savings account. The account pays 3% interest compounded monthly. How

much money is in the account after 8 years?

User Anh Tuan
by
8.5k points

1 Answer

5 votes

Answer:

I think It'll be

$2340.68

Explanation:

User Ronginat
by
7.7k points
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